Collagen Market Was Valued at USD 6,471.5 Million in 2021 Owing to Increased Prevalence of Arthritis

According to Precision Business Insights (PBI) latest report, the global collagen market is expected to be worth USD 6,471.5 million in 2022, growing at a 5.3% CAGR from 2022 to 2028. The global collagen market is segmented into the following types: By Product Type (Gelatin, Hydrolyzed Collagen, Native Collagen, and Others), By Application (Food & beverages, Pharmaceuticals & Healthcare, Meat Processing, and Others), By Source (Bovine, Porcine, Poultry, Marine, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World) Forecast to 2028. Key player's profiles in the collagen market report are GELITA AG, Weishardt, Tessenderlo Group NV, Nitta Gelatin Inc., LAPI GELATINE S.p.a., Vital Proteins LLC., Nippi Collagen NA Inc., Darling Ingredients Inc., Collagen Matrix; Inc. Consumers are shifting their preferences to consume collagen through their diet rather than through injections. This shift in consumer behavior is driving up demand for collagen-based nutraceuticals, which are also being blended in various food and beverage products. Collagen-based supplements are becoming increasingly popular, particularly for the prevention and treatment of arthritis, making it a prime growth factor for collagen usage. The region's aging population seeks a variety of bone and joint health supplements to maintain and improve their health and well-being. Functional benefits drive application in the supplements. Over the past five years, supplements and sports nutrition have led to collagen application. Health benefits of the collagen drive innovation of the ingredients. For instance, around 33% of the products launched in the last five years are supplements, about 19% are for sports nutrition, and 10% are confectionery.

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Gelatin segment Dominates the Collagen Market:
In 2021, the gelatin segment accounted for a larger revenue share and was projected to grow with a CAGR of X% from 2022 to 2028 to reach USD X Mn by 2028. Gelatin can replace conventional carbohydrates and fat in many foods, making it better suited to meeting nutritional needs. It also helps to normalize gut hormones in obese people. Food manufacturers are increasingly turning to gelatin to produce nutritious food products due to rising health consciousness. The global collagen market is mainly driven due to the increased application of collagen in dietary supplements to combat arthritis, increased applications as nutrition products, and increasing adoption of collagen peptides in food and beverages. Transmission of avian influenza & religious restrictions, regulatory restrictions & effect recalls act as growth restraints in the worldwide aircraft filter market

Europe Leads Collagen Market:
Europe had the highest revenue share in the global collagen market in 2021, accounting for USD X Mn, and is anticipated to grow at a significant CAGR over the forecast years. The rapid expansion of the meat processing industry in this region has boosted product demand. Asia Pacific accounted for USD 1,294.3 Mn in 2021 and is anticipated to grow with a larger CAGR over the forecast period owing to increasing demand for products that offer health benefits.
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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global collagen market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In March 2021 GELITA USA opened its new collagen peptide unit, which is a 30,000-square-foot production unit at the southeastern end of the complex in the Port Neal industrial area near Sioux City in Iowa. This expansion is majorly driven by the double-digit market growth of GELITA's collagen peptides, especially in the health and beauty markets, with no sign of slowing down in the future. In September 2020, Nitta Gelatin NA adds Replenwell, a new line of highly functioning collagen peptide ingredients, to its Wellnex portfolio. Replenwell collagen peptides are clinically tested for safety and efficacy and are available in a variety of raw material sources, including fish, bovine, and porcine.

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Detailed Segmentation
Based on the Product Type, the market is segmented into the following:
• Gelatin
• Hydrolyzed Collagen
• Native Collagen
• Others

Based on the Application, the market is segmented into the following:
• Food & beverages
• Pharmaceuticals & Healthcare (Nutraceuticals)
• Meat Processing
• Others.

Based on the Source, the market is segmented into the following:
• Bovine
• Porcine
• Poultry
• Marine
• Others

Based on the geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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